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Copperlong

Copper is facing bullish pressure, potential for further upsideCopper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 23.6% fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
1
Copper is facing bullish pressure, potential for further upsideCopper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 23.6% fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
3
Copper Long SetupCopper Long Setup Entry: $3.4989 TP & RR: $3.6094 (3.47) Stop Loss: $3.4671 REASONS FOR THE TRADE Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart, so I believe the price should start trending up. I will be quick to trial the stop loss if the price indeed goes up. This is one of those trades that can go wrong very quickly and I don't want to give up profits.
FX:COPPER
by Quant_